Hughes Foundation Inc

Public charity · Grantmaker Sherman, TX EIN: 35-2308467

To fund orphanages and provide support to children in need.

Key facts about Hughes Foundation Inc

In short: Hughes Foundation Inc reported $29K in grants paid in 2024 (a total; its filing lists no individual grants). Source: 2024 IRS Form 990.

EIN
35-2308467
Latest 990 filing
Form 990, 2024
Grants paid (2024)
$29,000 — reported as a total on the IRS filing, without an itemized list
Total assets
$3,559,773

Data from IRS Form 990, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$3.6M

+16.0% YoY

Grants Paid (reported total)

$29K

+43.9% YoY

Revenue

$469K

+39.4% YoY

Net Investment Income

$169K

+364.0% YoY

About Hughes Foundation Inc

Based on IRS filings

Hughes Foundation Inc is a public charity, based in Sherman, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it reported $29K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $169K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Sherman

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2019 2 grants2020 Total only2021 Total only2022 Total only2023 Total only2024

From 2019 to 2024, annual grant giving ranged from $10K (2019) to $121K (2022). In 2024 it reported $29K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200K$400K$600K2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$3,559,773$3,069,400$2,614,207
Revenue$468,808$336,384$477,066
Expenses$42,500$20,361$125,250
Net Investment Income$168,808$36,384$27,066

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2019 (received by the IRS September 9, 2020)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS May 9, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 6, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
  6. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Hughes Foundation Inc is led by Andrew M. Hughes Jr., President on every filing since 2019; none of the 6 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Andrew M. Hughes Jr.

    President

    On filings since 2019

    18 hrs/week

    No compensation reported

  • Billie Howsman

    Board Member

    On filings since 2019

    10 hrs/week

    No compensation reported

  • Jim Cabe

    Board Member

    On filings since 2019

    No compensation reported

  • Kay F. Hughes

    Vice President

    On filings since 2019

    5 hrs/week

    No compensation reported

  • Kristian Hughes

    Secretary & Treasurer

    On filings since 2019

    28 hrs/week

    No compensation reported

  • Lynn Cabe

    Board Member

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Hughes Foundation Inc

How much does Hughes Foundation Inc give each year?

Hughes Foundation Inc reported $29K in grants paid in 2024 on its 2024 IRS Form 990, as a total without an itemized list of grants. In 2023 it reported $20K in grants paid.

How large is Hughes Foundation Inc?

Hughes Foundation Inc reported $3.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $469K.

Where does Hughes Foundation Inc operate?

Hughes Foundation Inc has awarded grants in Texas.

What is Hughes Foundation Inc's EIN?

Hughes Foundation Inc's EIN (Employer Identification Number) is 35-2308467. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated October 2026. Sourced from IRS Form 990 filings.

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